Canadian economy beats expectations with 4.5% GDP growth in Q2

Canadian economy beats expectations with 4.5% GDP growth in Q2

For the whole year, Zandi forecasts GDP will grow 2.1 percent.

Based on Thursday's data, Rangasamy says, National Bank has upgraded its Canadian GDP growth forecast for 2017 to 3%.

The report also noted that profits in the second quarter went up 8.1% from this time past year. "So we're really on our way".

President Donald Trump has promised to grow the GDP to 3% and higher, but economists have doubted this could actually happen due to an "ageing [sic] population and poor productivity growth". To put how silly this is in terms Trump would understand, this is like saying that if he shot an 80 in one round of golf while scoring an average of 100 in his previous eight rounds, he has qualified for the Masters.

David Warner makes most of reprieve as Australia chase victory in Bangladesh
Bangladesh were reeling at 10-3 in the first innings when Shakib rescued them with his 155-run stand with Tamim Iqbal . Though, Taijul took the last wicket but the original hero of the victory was Shakib.

Please note: This is a commentary piece. It marked the strongest quarter of growth since the first quarter of 2015.

"Even as we see daylight in today's economy, we find ourselves in the shadow of daunting longer-term challenges to economic growth and shared prosperity", said John Williams, president of the Federal Reserve Bank of San Francisco, in an august 2 speech. Still, with personal consumption accounting for almost 70 percent of economic output, the willingness of shoppers to spend is a good sign.

Canadian government bond prices were mostly lower across the yield curve, with the two-year price down 7 Canadian cents to yield 1.275 per cent and the 10-year falling 13 Canadian cents to yield 1.851 per cent.

The data agency said cumulative growth in the first two quarters of 2017 marked the strongest start of a calendar year since 2002, and the second-quarter data marks the best 12-month performance - 3.7% growth - for the Canadian economy since 2006, or near the height of the bull run in commodity prices. "All of those things weighed on USA growth". The report said 14 of 20 industrial sectors saw growth in June.

Taylor Swift's new music video makes biggest YouTube debut ever
After 24 hours, the video racked in over 43.2 million viewers, smashing Psy's record of 36 million for his "Gentleman" video. Taylor slams someone for their "titled stage", which the "All Day" hitmaker had one during his 'Saint.

Investment by businesses also improved to growth of 6.9 percent, reflecting higher spending on structures, equipment and intellectual property.

Stephen Stanley is the chief economist for Amherst Pierpont Securities, a broker-dealer providing institutional and middle-market clients with access to fixed-income products. "I believe this reflects heightened optimism regarding the economic outlook, both because the underlying economy is solid and because decision makers anticipate a more favorable policy backdrop".

Government spending fell at a 0.3% pace in the second quarter, with growth in military expenditures offset by declines in federal nondefense spending and outlays by state and local governments. Much of the strength came from a sharp upward revision in spending on autos, which the government initially estimated as declining in the spring. The GDP report sent it all the way to 1.2575.

Rex Tillerson Won't Say If Trump 'Speaks For American Values'
Then, then next day, he generated further controversy with his "both sides" remark during a press conference at Trump Tower. The Administration "must do better in consistently and unequivocally condemning these groups", Cohn, who is Jewish, said.

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